If T represents the size of the tax on a good and Q represents the quantity of the good that is sold, total tax revenue received by government can be expressed as

If income tax rates are cut, the size of the budget deficit will necessarily increase

Indicate whether the statement is true or false

"The government should eliminate income inequality" is an example of

A) a positive statement. B) a realistic argument. C) a factual statement. D) a normative statement.